The fundraising will be undertaken on a private placement basis, with the issue structured through one or more transactions and/or one or more series or tranches. The Trust may issue the NCDs to one or more eligible investors, according to the outcome of the Borrowing Committee meeting held on Monday.
The Borrowing Committee of Knowledge Realty Office Management Services Private Limited, the manager of Knowledge Realty Trust, approved the proposal at its meeting held on September 7, 2026.
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In July this year, Knowledge Realty Trust said it expects leasing momentum to remain strong through FY27 after a robust start to the year, backed by healthy demand for premium office space, improving occupancy and a steady pipeline of acquisition opportunities.
Although the company refrained from issuing financial guidance, Chief Executive Officer Shirish Godbole said leasing activity this year is expected to exceed last year’s total of 3.5 million square feet.
Godbole said, “We have done 1.4 million square feet already this year. So clearly, we are going to go past the 3.5 million number. Whether we go to 4 or 5 million square feet, I think that’s the question.”
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In the April–June quarter (Q1FY27), the REIT reported leasing of 1.4 million square feet, comprising 700,000 square feet of new leases and 700,000 square feet of renewals. The strong leasing performance lifted portfolio occupancy to 93% from 92%, while revenue and operating income rose 15% year-on-year. Distribution per unit (DPU) increased 5% quarter-on-quarter to ₹1.70.
The company also aims to further improve occupancy levels from the current 93%, even as global geopolitical uncertainties continue to cloud the broader business environment.Godbole said demand for Indian office space has remained resilient despite global volatility, with both global capability centres (GCCs) and front-office occupiers continuing to sign long-term leases across key markets such as Hyderabad, Bengaluru and Mumbai.
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Beyond leasing, Knowledge Realty Trust sees multiple growth drivers over the next two years. The company has around 25% mark-to-market rental upside across its portfolio, 2.6 million square feet under development and is actively evaluating acquisition opportunities across six major office markets, including Mumbai, Gurugram, Pune and cities in southern India.
The REIT also expects inorganic growth during the current financial year. With leverage at around 18%, management believes it has sufficient financial flexibility to pursue acquisitions when suitable assets become available at attractive valuations.
Shares of Knowledge Realty Trust ended at ₹113.10, up by ₹0.53, or 0.47%, on the BSE.
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First Published: Sept 7, 2026 5:44 PM IST
